Michael Taft: What Finland’s Universal Basic Income Experiment Can Tell Us

Michael Taft: What Finland’s Universal Basic Income Experiment Can Tell Us

From top: Finland’s two-year basic income trial failed to encourage its participants to work more but it did improve their wellbeing; Michael Taft

In 2017 the Finnish Government launched a two-year experiment in Universal Basic Income (UBI).

Two thousand unemployed people were selected at random and paid an unconditional €560 per month (though, in the complex Finish social protection system, they still retained social assistance, housing and sickness allowance).Even if they found work they continued to receive the €560 per month – as per the nature of UBI. The experiment is over and an initial report published . The two […]

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